What is Bitcoin?

Bitcoin is a digital currency sent between friends and merchants all over the world. Unlike your traditional currency, Bitcoin is decentralized, meaning it’s not controlled or overseen by traditional banks, but rather managed by a peer-to-peer network of anonymous users like yourself. As such, Bitcoin is sent faster and more securely around the world than your bank sends money anywhere. To keep track of your funds and transaction history, the Bitcoin network maintains a permanent, accessible record of every completed transaction ever made by anyone using Bitcoin.

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